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Summary of panelists’ presentations from the recent workshop on law school financial aid issues:What kinds of financial aid are available?Need-based aid (mainly Stafford loans, up to a Congressionally specified sum, currently around $20K), private loans, and merit-based aid.What forms do I fill out to apply for need-based...

This is the second guest post from Radhika Singh Miller, who serves as program manager of educational debt relief and outreach at Equal Justice Works. Last week’s post looked at Income-Based Repayment options, while this week’s post explores options for avoiding default should you find yourself without any...

UPDATE August 2012: Please note the date on this blog post—it’s from 2010 and does not describe the current state of admissions. I’m leaving it up because it may be of interest to some of you to know how application volume has fluctuated.
As expected, the economy is sending...

The Law School Admission Council (LSAC) has long had a Statement of Good Admission and Financial Aid Practices that seeks to guide law schools. They are not enforceable or binding rules, but merely “principles” designed to “improve the admission and financial aid processes in law schools and to promote...

If you’re like most applicants, you are unaware that LSAC recommends law schools adhere to certain “best practices” in the admissions process. Even though they’re not binding, the guidelines set out what you should generally expect from admissions officials as you navigate this process. At this time of...

Yesterday, I might have fooled some of you with my “LSAT waiver” prank, but today, I am forced to be serious again. It’s about those post-grad legal employment numbers. “Bleak” continues to be the best word to describe the job market for new lawyers, and it’s...

And yet people keep fooling themselves into believing that a brand name diploma is worth the cost. It’s not, of course.
But you are a UMass student or alum: you’re way too smart to buy that marketing ploy line of reasoning. You know that when it comes to...

So there’s this raging debate in law world now about the value of a law degree. Some law profs are arguing that it’s a million dollar degree. Others are taking issue with that claim. Who’s right, who’s wrong, and what does it mean for...

That’s the headline for the latest legal employment report from NALP, the Association for Legal Career Professionals. Reporting on the Class of 2011’s employment 9 months after graduation (February 2012), NALP found that
Only 85.6% of graduates (for whom employment status was known) were employed
Only 65.4% (of those for whom the employment...

Two more recent articles continue to paint a bleak financial picture for law world.
Many recent law graduates finance their bar prep courses—and the eight to ten weeks of study post-law school with private loans. A recent article on law.com tells how those loans are now becoming harder...